The Empirics of General Equilibrium Tade Theory: What Have we Learned?

Daniel Bernhofen ()

No 3242, CESifo Working Paper Series from CESifo

Abstract: This paper provides a selective survey of over half a century of research linking the neoclassical trade model to the data. Three lessons stand out. First, competitive and new trade theory models are complementary rather than competing ways to look at many existing empirical regularities. Second, the Ricardian formulation has proved to be a useful framework for structural estimation regarding the pattern of international specialization. Third, empirical confirmations of the core predictions of the model provide scientific support for employing the competitive trade model in structural estimation.

Keywords: testing; and; estimation; of; neoclassical; trade; theory (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp3242.pdf (application/pdf)

Related works:
Working Paper: The Empirics of General Equilibrium Trade Theory: What Have We Learned? (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_3242

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().